OT: Lets talk about stocks (Part 2)

Discussion in 'Montreal Canadiens' started by Lshap, Apr 16, 2021.

  1. BehindTheTimes Registered User

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    I’ll do a detailed post on why I think gme is a 150$ stock this weekend. I got into gme as a value bet.

    The squeeze is just a bonus now. The shorts have covered they said. Not a f***ing chance have they covered. Never had any intent of ever covering, they didn’t account for millions of retail investors doing a simple strategy of buy and hodl. We own the float multiple times over.
     
  2. BehindTheTimes Registered User

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    Bitcoin is not a high risk quick money scheme for me. It’s a long term hold position. Keep dcaing, forget about the price, zoom out and check back in in 10 years.
     
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  3. Addik04 Registered User

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    I dont agree. Put your money in GAFAM, banks, utilities, etc. Putting money at 1-2-3% is loosing money in my opinion.

    Canadian banks are now at their ATH, so you can wait a drop or just buy some as the earnings are this week or next week for the majority. Majority of the analysts (and TD who had their good earnings released this morning) are all positive toward canadian bank earnings.

    For long term growth stock (let's say a minimum of 3-4-5 years), I really like Lion as QuebecPride said. Also think that sport bets will grow immensely. Also bought some Bitfarms recently with the dip of the bitcoin. They are a top 5 in mining I think in the world. They will become profitable in the near future. However, if you are beginning to build your portfolio, I wouldnt invest in these at first. I would go with solid, profitable compagnies first or index funds. Then, growth stock would represent lets say 20-30% of my portfolio.

    I also think that green energy has a lot of potential. Fidelity launched new climate funds. I think it will be the trend in the next years.
     
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  4. canucklover123 Registered User

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    YESSIR!

    Also, good call on the climate funds ETF. I am making sure to have a good exposure to clean energy for the coming years. I think it will be a prominent player for years to come
     
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  5. JC Tremblay Registered User

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    Can you buy AMC with an option? With this squeze
     
  6. Ozymandias The writing is on the wall

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    Polygone had the best dip. Went from (in CAD) 2.67 when i sold (missed out on selling at 3.10). Went back down to 1.00, put in back all the money I made a bit later at 1.31 and sold yesterday at 2.70. Waiting for it to go down again. It's at 2.20 now.
     
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  7. canucklover123 Registered User

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    Its pretty expensive on both ends I believe ATM. I wouldnt touch it though, I get burned playing with options unless its a put call post earnings because those don't miss lol
     
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  8. montreal Go Habs Go

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    most stocks have options, I would be very careful using them with this stock since it trades crazy.
     
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  9. JC Tremblay Registered User

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    If it goes down I can just decline my call and loss the deposit
     
  10. montreal Go Habs Go

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    yes, if it goes down it will expire worthless and you lose whatever you spent on it. If it doesn't drop too much you can usually sell to close the position at a considerable loss but not 100% loss depending on how far out the calls are vs how close the strike price is. I trade naked calls for a living so I can answer most questions, just be very careful as options can be a very tough way to make money.

    You can also do a put call spread, it will reduce your profit but also reduces your risk. It's a bit more involved though.
     
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  11. JC Tremblay Registered User

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    If I buy AMC when it opens up how do I use a Put option?
     
  12. BehindTheTimes Registered User

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    If you need to ask this it is probably in your best interest to stay away.
     
  13. montreal Go Habs Go

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    what are you looking to do, you can open a put position, you can write a put position (I don't do that so you would need to ask someone else). Then you need to pick your strike price and date.

    On Friday someone was buying up the June 18th 20 and 15 puts, over 30K on each the 20's were going for 3.65, the 15s for 1.38 so 1 contract which equals 100 shares would cost 365 or 138 US dollars (as I only trade on US markets) plus commission.
     
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  14. montreal Go Habs Go

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    certainly good advice
     
  15. BehindTheTimes Registered User

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    I had my write up just about complete on my bull argument for gme and my phone refreshed and everything I wrote is gone ffs. It took me over an hour to write it. Any way to get it back and has this happened to anyone else before?

    So pissed off right now. Unreal, can’t believe that just happened.

    I will take the time to do it again, but it won’t be tonight.
     
  16. QuebecPride Registered User

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    Write it on a .doc file then copy paste it haha.
     
  17. BehindTheTimes Registered User

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    That will be what I do next time. I’ve had this happen once or twice before in just general conversation, but not very often. I don’t know why it happens. Ever happen to you? Wondering if I have some sort of refresh setting or some shit set here I don’t know about?

    I was on a roll ffs.
     
  18. habsterr Registered User

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    Anybody in GBLC.CN stock? Small cap penny stock with high growth potential.
     
  19. JC Tremblay Registered User

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    Sounds like I would be better off call option
     
  20. Perrah Registered User

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    Yeah happens to me all the time, even not writing a post. Itll refresh the page I am on for no reason.
     
  21. QuebecPride Registered User

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    I am usually on a PC, so it's a lot more user friendly and I can recuperate what I've written most of the time. Mobile is not my thing.
     
  22. montreal Go Habs Go

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    if you think it's going up yes, but I would recommend reading a good bit more on the subject before you dive in.
     
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  23. BehindTheTimes Registered User

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    I believe the rapid movement on AMC is very similar to gme where the price increase was largely related to t+21 ftds cycles and a bit of FOMO on retail buying in thinking the squeeze was on its way. I suspect this will retrace a bit back. I wouldn’t play the option game here if I were you. I would just wait for a dip and buy shares, but that’s just me.
     
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  24. BehindTheTimes Registered User

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    Exited my AMC position today. I won’t tell you what I did with the gains lolol
     
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  25. mariolemieux66 Registered User

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    BlackBerry stocks up 35%
     
    Last edited: Jun 2, 2021

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